India's DCB Bank falls on lower net interest margin
Mon 08:34
BUZZ-India's DCB Bank falls on lower net interest margin ** Shares of DCB Bank DCBA.NS fall 2.8% to 194.11 rupees
** Stock on track for four straight sessions of losses
** Bank's Q2 net profit rises 28% Y/Y to 2.36 billion rupees ($24.79 million); but net interest margin declines 10 bps Q/Q to 3.25%
** Motilal Oswal and IDBI Capital note NIM contracted due to adverse impact of FCNR(B) deposit mobilisation
** Avg rating of 18 analysts on stock at "strong buy", median PT is 232.50 rupees- LSEG-compiled data
** Stock up nearly 13% YTD
($1 = 95.2100 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
Recent news on DCB Bank
See all newsIndia's DCB Bank falls on lower net interest margin
Brief: Dcb Bank Approves Re-Appointment Of Praveen Kutty As MD & CEO
Brief: DCB Bank Q2 Net Profit 2.36 Billion Rupees
India's ICICI Prudential AMC gets RBI nod to buy up to 9.95% stakes in Kotak, three other banks
Brief: DCB Bank Q1 Net Profit 2.13 Billion Rupees